Are you setting up a General or Speciality Practice?
worked long and hard to finish your medical training. As you approach your
final year, thoughts turn to starting your own practice. However all
you discover is that all those long hours at the hospital have taught you how to
be an excellent clinician, but not the
first thing about the business of medical practice.
You are not
alone. The fact is there is very little time devoted to your training on how to
run the business of medicine. Most training programs do not provide any courses
on practice management.
Even if you
spend a fair amount of your time training in General Practices or Specialty
Practices, few preceptors will open up their business practices in order to
teach you the finer points of running a small business. In fact, business and compliance
is becoming very complex. Many medical professionals find the maze of compliance
too challenging and decide instead to work in established practices or the
your own medical practice may be the most significant professional decision you
make in your life. You need to seriously consider your options and proceed
carefully.. Any project requires a business plan. You need to construct your
practice as deliberately as an architect would design a building.
At NJHTC we help you tailor your
business plan and “construct” your medical business with you. We make the
experience rewarding and fun - the way it should be. Our team is friendly and professional
and not only manage the process for you but mentor you along the way.
We assist our clients in the following:
of Business Plans
of legal entity, i.e. Trust and Company
process with APRHA and Medicare Australia
assistance with banks and finance companies, i.e. Westpac, NAB Health, St George
with recruiting/selection of staff
and Veteran Affairs agreements
of PIP, PNIP and other Government Departments to acquire Grants
of a fee schedule
of practice management services, i.e. Tele-Practice Management or Onsite
of encounter forms and all applicable forms, i.e. Care Plans, Health
of office operation processes
of technology (including IT) i.e. Pracsoft, Medical Director, Best Practice,
Blue Chip, Stat Health
of phone system
of compliance policies and Online Practice Manual
training with medical software and practice policies
privileges (if required)
of payroll service and bookkeeping services, i.e. MYOB
Please read this interesting article about starting your own practice.
Neville Steer- Tips from the toolkit